Which of the Following Is a Market Transaction

question 25

Multiple Choice

Which of the following is a market transaction?

• A)A stock increases in value over the 30 years that it is owned.
• B)A college student purchases a laptop computer.
• C)Weather destroys a farmer's crops,leaving the farmer unable to buy groceries.
• D)A radio station changes its programming from classical to rock.

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Definitions:

Accident Insurance

Accident Insurance is a type of policy providing financial compensation to the insured in case of injuries, disability, or death caused solely by accidental means.

Accrued Salaries

These are wages that have been earned by employees but have not yet been paid by the employer.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption or wear and tear.

Services Provided

Activities done for others as an economic product that are intangible, not stored, and produced at the time of consumption.